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I don't use contactless': the woman whose name is on British banknotes

Posted on FEB 23, 2018 12:00 AM

t is perhaps not entirely surprising to learn that the woman whose signature adorns Bank of England banknotes is a big fan of cash. She does not use contactless payment cards for personal spending not least because she is yet to trust the technology completely. Victoria Cleland, the Banks chief cashier, says she habitually reaches for notes and coins when she makes small purchases. But she may now be in a minority. A Guardian investigation this week has discovered that Britain is hurtling rapidly past peak cash. Cash machine usage is falling, cards will eclipse cash later this year as the most popular means of transaction, and by 2026 it is estimated that just a fifth of sales will involve notes and coins. (News By THE GUARRDIEN NEWS)

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